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Social Studies skills: Difference between revisions
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→Free markets
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* specifically: a path created by people off or outside of an established, planned path | * specifically: a path created by people off or outside of an established, planned path | ||
* generally: the idea that people will more efficiently choose their methods and means of conducting day-to-day affairs better than planners | * generally: the idea that people will more efficiently choose their methods and means of conducting day-to-day affairs better than planners | ||
** related to Frederick Hayeks' idea of " | ** related to Frederick Hayeks' idea of the "emergent order" created by accumulated individual decisions rather than by a collective decision | ||
=== Economies of scale === | === Economies of scale === | ||
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* Hayek | * Hayek | ||
** dispersed knowledge | ** dispersed knowledge | ||
** emergent order | ** emergent order/ spontaneous order | ||
* Locke | * Locke | ||
* Smith | * Smith | ||